Petroleum and Petroleum Substitute Fuel Business Act.

The purpose of this Act is to develop the national economy and improve the people's lives by stabilizing the supply and demand as well as the prices of petroleum and ensuring the quality of petroleum products and a substitute fuel for petroleum. In particular, the persons specified by Presidential Decree, from among petroleum retailers, may establish a financial cooperative, with authorization from the Minister of Trade, Industry and Energy for providing guarantees and loans necessary to promote their mutual cooperation and autonomous economic activities, and to enhance their economic status. The text consists of 50 articles.